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How Russia Affects the Neighborhood : Trade, Financial, and Remittance Channels

Espinosa-Bowen, Jaime - 2009

We test the extent to which growth in the 11 CIS countries (excluding Russia) was associated with developments in … Russia, overall, as well as through the trade, financial and remittance channels over the last decade or so. The results … point to the continued existence of economic links between the CIS countries and Russia, though these links may have altered …

Persistent link: https://www.econbiz.de/10014402216

The Evolution of Output in Transition Economies : Explaining the Differences

Sahay, Ratna - 1999

What are the relative roles of macroeconomic variables, structural policies, and initial conditions in explaining the time path of output in transition and the large observed differences in output performance across transition economies? Using a sample of 26 countries, this paper follows a...

Persistent link: https://www.econbiz.de/10014400551

Central Banking in Transition Countries

Wagner, Helmut - 1998

In the 1990s, the issues of central banking and central bank independence have gained increasing attention, in part owing to the role of the future European central bank, but also owing to the emergence of transition countries and the role of central banks in these countries. The main focus of...

Persistent link: https://www.econbiz.de/10014400660

Price Liberalization, Money Growth, and Inflation During the Transition to a Market Economy

Hernández-Catá, Ernesto - 1999

This paper examines the influence of economic liberalization and monetary growth on inflation during the transition from central plan to market. It concludes that price decontrol had a substantial, one-time effect on the price level but no lasting effect on inflation; that economic...

Persistent link: https://www.econbiz.de/10014400971

Institutional Reform in Transition Economies : How Far Have they Come

Weder, Beatrice - 2001

This paper examines how institutional conditions in transition economies compare with those in the rest of the world using various indicators of governance. The focus is on the countries in Central and Eastern Europe and the former Soviet Union but, when possible, transition countries, in Asia...

Persistent link: https://www.econbiz.de/10014403596

Explaining the Behavior of Financial Intermediation : Evidence From Transition Economies

Rother, Philipp C. - 1999

This paper investigates the effects of macroeconomic and structural variables on financial intermediation. To this end, it presents a theoretical foundation for two new measures of intermediation, the money multiplier and the ratio of private sector credit to monetary base. Results from panel...

Persistent link: https://www.econbiz.de/10014401208

What Moves Capital to Transition Economies?

Mora, Nada - 2002

in terms of overall levels and the share and composition of private flows. With some exceptions (notably Russia), the …

Persistent link: https://www.econbiz.de/10014401373

The Challenge of Fiscal Decentralization in Transition Countries

Dabla-Norris, Era - 2002

This paper examines key aspects of the ongoing decentralization process in transition economies and identifies areas where the present systems can have potentially adverse impacts on both service delivery and macroeconomic performance. We discuss three critical principles of a sound and...

Persistent link: https://www.econbiz.de/10014399650

Disinflation in Transition Economies : The Role of Relative Price Adjustment

Coorey, Sharmini - 1996

In light of the persistence of moderate inflation in many transition economies, this paper analyzes whether inflation resulted from insufficiently tight financial policies and wage pressures or from the protracted adjustment of relative prices. Using a new database for 21 countries, the effect...

Persistent link: https://www.econbiz.de/10014396197

Systemic Requirements for Monetary Stability in Eastern Europe and the Former Soviet Union

Rostowski, Jacek - 1994

The primary function of banks during economic transformation is seen to be provision of an efficient payments mechanism. The lack of banking skills, particularly in credit allocation, is seen as the major problem in stable monetary systems. This is a problem which can be expected to last many...

Persistent link: https://www.econbiz.de/10014396465

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